Circle8 Gets Bid Deadline Extension for SThree
UK recruiter SThree announced that the takeover panel extended the deadline for US-based Circle8 Group to make a firm buyout offer to October 21. The decision follows a revised cash proposal after SThree rejected an earlier unsolicited approach last month.
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United States-based Circle8 received an extension from the United Kingdom takeover panel to bid for STHREE PLC until October 21. The deadline extension follows an improved cash proposal from Circle8. SThree shares rose 2.2% by the close on Wednesday.
